Physicians Realty Trust (NYSE:DOC) Lowered to “Outperform” at UBS AG
DOC has been the topic of a number of other research reports. FBR & Co initiated coverage on shares of Physicians Realty Trust in a report on Monday, April 3rd. They set an outperform rating and a $23.00 price objective on the stock. BidaskClub raised shares of Physicians Realty Trust from a hold rating to a buy rating in a research note on Friday, June 23rd. Zacks Investment Research lowered shares of Physicians Realty Trust from a hold rating to a sell rating in a research note on Tuesday, July 11th. Jefferies Group LLC reaffirmed a hold rating and issued a $21.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, June 14th. Finally, BTIG Research raised their target price on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the company a buy rating in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $21.21.
Physicians Realty Trust (DOC) traded up 1.004% during mid-day trading on Monday, hitting $18.605. 340,595 shares of the company were exchanged. Physicians Realty Trust has a 12-month low of $17.12 and a 12-month high of $22.03. The company has a 50 day moving average of $20.33 and a 200 day moving average of $19.64. The stock has a market cap of $2.85 billion, a P/E ratio of 84.186 and a beta of 0.58.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.02. Physicians Realty Trust had a return on equity of 1.68% and a net margin of 11.42%. The company had revenue of $76.70 million for the quarter, compared to the consensus estimate of $77.57 million. During the same period in the prior year, the company earned $0.22 EPS. The firm’s revenue was up 73.9% compared to the same quarter last year. On average, equities research analysts expect that Physicians Realty Trust will post $0.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 3rd were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.99%. This is an increase from Physicians Realty Trust’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 29th. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 418.20%.
Several hedge funds have recently made changes to their positions in DOC. BlackRock Inc. increased its stake in shares of Physicians Realty Trust by 7,013.7% in the first quarter. BlackRock Inc. now owns 14,247,372 shares of the real estate investment trust’s stock worth $283,095,000 after buying an additional 14,047,091 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Physicians Realty Trust by 14.2% in the first quarter. Vanguard Group Inc. now owns 23,679,564 shares of the real estate investment trust’s stock worth $470,512,000 after buying an additional 2,944,997 shares in the last quarter. Norges Bank purchased a new stake in shares of Physicians Realty Trust during the fourth quarter worth $25,379,000. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Physicians Realty Trust during the first quarter worth $23,844,000. Finally, Nuveen Asset Management LLC increased its stake in shares of Physicians Realty Trust by 155.3% in the first quarter. Nuveen Asset Management LLC now owns 1,935,421 shares of the real estate investment trust’s stock worth $38,457,000 after buying an additional 1,177,428 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company’s stock.
About Physicians Realty Trust
Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.
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